Policy & Regulation

Argentine energy minister pledges ‘free market’ for fuel prices

Argentina’s new energy minister, Javier Iguacel, has pledged to halt government meddling in the country’s fuel prices and let market forces take effect.
By Staff reporter 3 July 2018 0 31580

Argentina’s new energy minister, Javier Iguacel, has pledged to halt government meddling in the country’s fuel prices and let market forces take effect.

“There’ll be no more agreements [on oil prices]. It’s a free market,” Iguacel told Bloomberg. He also confirmed Buenos Aires would eliminate the role of CAMMESA – the market administrator that oversees power contracts – from September.

CAMMESA sets both the price that generators pay for fuel – including gas – and the price at which they sell their power.

However, plans...